Nevada § 40.503 - “Environmentally impaired” defined
Full text of Nevada Nevada Revised Statutes § 40.503 — “Environmentally impaired” defined, with citation guidance and answers to common questions.
§ 40.503. “Environmentally impaired” defined
Real collateral is “environmentally impaired” if the estimated costs to clean up and
remedy a past, present or threatened release of any hazardous substance from, in,
into or onto it exceeds 10 percent of the total indebtedness owed to the secured lender
secured by the collateral.
Frequently Asked Questions About Nevada § 40.503
What does Nevada Revised Statutes § 40.503 cover?
Section 40.503 ("“Environmentally impaired” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 40.503?
A common citation format is "Nevada Revised Statutes § 40.503" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 40.503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.